Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced the completion of a $4 million round of funding, $1.2 million of which has already been collected. This total includes a $600,000 investment from United American HealthCare Corp. (OTC: UAHC). With this funding in place, SinglePoint is positioned to aggressively develop and complete its bitcoin payments solution while pursuing additional acquisition opportunities in the thriving cannabis industry. “After months of negotiation, we are beyond excited to close this deal and go after some larger deals that we have in our pipeline,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “Having this capital, along with access to additional capital if needed, puts us in a strong negotiating position. Acquiring other businesses for cash and stock is working well for us, and enables us to infuse some cash to jumpstart the growth of our acquired companies and give the businesses tremendous upside on the stock side, as they successfully execute their business plan.” In line with its revenue-by-acquisition growth strategy, SinglePoint is “close to finalizing” a previously announced letter of intent to acquire a 51 percent stake in a Colorado-based company that’s expected to set SinglePoint on a $1 million revenue run-rate over the course of the next year.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry. For more information visit www.SinglePoint.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.